Learn more about Scotiabank Foreign Exchange
Wire Transfer Send/Receive Fees
| Send money internationally as a direct deposit to your family or friends using your mobile app or online banking |
$1.99*/transfer on select accounts |
| Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) | Free |
| Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) | $1.50 |
| Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) | $4.50 (optional Advice $5.00) |
| Transferring a Scotiabank account balance to another financial institution | $20.00 |
| Incoming Wire Transfer fees | |
| Incoming Wire Transfer identified as a Pension Payment in the payment message | $1.50 per transfer* |
| All other Incoming Wire Transfers | $15.00 CAD/USD per transfer* |
* All fees are charged in the currency of the account.
The Scotiabank FX Fees we use are based on publicly available information available here.
What is the best Send Money conversion rate for CHF to CAD?
The best CHF to CAD exchange rate is 1.7368 from OFX . This is -0.5% compared to the mid-market rate 1.7455.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Swiss franc (CHF) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above Scotiabank - Franc to Loonie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest CHF-CAD mid-rate and the possible savings of using various providers.
How do Scotiabank CHF-CAD rates compare between providers?
Looking at the full CHF to CAD - Send Money comparison table the provider with the best CHF to CAD exchange rate is OFX at 1.7368, -0.5% from the latest mid-market rate 1.7455.
The next best is XE at 1.735, -0.6% from the mid-rate.
Then Wise at 1.7324, which is -0.75% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Scotiabank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
